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Job TitleChief Financial Officer (Corporate Banking) / Chennai,Tamilnadu,India / 15 + Years of exp / 8 Digit Salary + Bonus + Benefits
Job Description
  • Our client is an international banking organisation based in the city of Chennai,Tamilnadu,India
  • They are seeking a Chief Financial Officer to join the bank as soon as possible
  • The successful candidate will be reporting directly to the CEO and will have overall responsibility for the firm's financial resources, regulatory reporting and Senior Managers Regime, as well as the normal duties associated with such a senior position

  • A key member of the Executive Committee, working closely with the CEO to develop, design and deliver the strategy and Business Plan

    Specific responsibilities:

  • Provision of robust and targeted Management Information, regular reporting and data analysis to senior management and the Board to enable effective monitoring/control of the business and for informed decision making, in line with the bank's strategy
  • Regulatory reporting - preparation and submission of regulatory returns (weekly, monthly, quarterly, annually)
  • Preparation of financial commentary based on financial data, trend and variance analysis for relevant business areas/functions, Board Reports and CEO
  • 2nd line defense to challenge management and the business areas when necessary
  • Supervision and performance management of direct reports - setting objectives, regular reviews and staff development

    Oversee and supervise the following activities carried out by the finance function:

  • Engagement with Suppliers: utilities, phone, council etc
  • Fixed assets register maintenance and depreciation schedule preparation
  • Petty cash transactions - control and reconciliation
  • Prepayments and Accruals
  • Invoice processing
  • Payment processing requests
  • Expense form processing
  • Intercompany accounts
  • GST and other tax returns
  • Monitoring and maintenance of the General Ledger, Financial accounts and Management accounts including back up, supporting schedules and reconciliations and Journal posting for month end and year end accounts
  • Optimise Finance team resourcing to ensure best utilisation of time and effort to deliver target results
  • Improve, develop, and maintain financial processes to ensure effective running of the business area, ensuring procedures are put in place to execute the tasks effectively
  • Prepare, review, maintain and update finance documentation, including Finance Process and procedures Manual
  • Payroll preparation in conjunction with HR
  • Liaison with internal audit and external auditors and provision of relevant backup and commentary to auditors
  • Tax computations and submissions, including supporting paperwork, and acting as main point of contact for any communications with Ministries
  • Data analysis for accuracy and integrity - for financial/ management/ regulatory reporting
  • Financial analysis of data including performance ratios calculations to indicate achievement of business goals, identifying areas for improvement
  • IFRS accounting policies in line with the bank's accounting policies
  • Annual budgeting and financial planning process, with ongoing budget control and monitoring, to highlight overspending to relevant business areas to keep costs under control

    Candidate Profile:

  • The successful candidate will have a minimum of 15 years banking experience, be a degree holder and a fully qualified Accountant and member of a professional Accounting Organisation
  • You would also preferably hold an MBA (or equivalent) and currently be holding a similar position
  • You will have considerable knowledge of working in the finance department of an international bank and be familiar with IFRS accounting rules and industry standards, as well as PRA and Securities and exchange regulations, reporting rules and India Company Legislation
  • Trade and Treasury product knowledge is required, as is stakeholder management and engagement with board management
  • Excellent Management and communication skills are required
Skills RequiredFinance,budgeting,board functions, loans,branch management,retail banking, budgets,commercial finance,creative leadership,erp,banking, financial services,communication, customer relationship, board management
Job IndustryInternational Banking Organization
Functional AreaLeadership / Senior Management - Finance
Job typeFull Time
Experience15 + Years of exp
Salary8 Digit Salary + Bonus + Benefits